SINGAPORE (Oct 29):  The steep overnight drop in the US markets pushed the Straits Times Index below the 3,000-point benchmark at one juncture to as low as 2,984.47 on Oct 25. Year to date (YTD), the STI has dropped 11.65% to close at 3,012.84 points on Oct 25.

“Overall, although we can’t tell when market sentiment will improve, we do believe that at a bottom-up fundamental level, companies are still doing well,” says Steve Medina, chief investment officer for global equities at Manulife Asset Management.

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